Jun operating rates across wire, cable plants lower on cash concerns-Shanghai Metals Market

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Jun operating rates across wire, cable plants lower on cash concerns

Data Analysis 10:46:21AM Jul 02, 2018 Source:SMM

SHANGHAI, Jul 2 (SMM) – Operating rates at wire and cable producers across China stood at 83.4% in June, down 8.39 percentage points from the same month last year, an SMM survey showed.

This is also down 7.55 percentage points from last month.

The month-on-month decline was because these producers accepted orders selectively on financial pressures towards the middle of the year. The Shanghai Cooperation Organisation (SCO) summit held earlier last month in Qingdao of Shandong province also accounted for the lower operating rates. 

Amid slow season, operating rates are expected to dip further to 82% in July, down 1.42 percentage points from June and down 7.73 percentage points from a year ago. The month-on-month decline would be slower on eased cashflow concerns, SMM believes. 

 

Key Words:  Operating rates 

Jun operating rates across wire, cable plants lower on cash concerns

Data Analysis 10:46:21AM Jul 02, 2018 Source:SMM

SHANGHAI, Jul 2 (SMM) – Operating rates at wire and cable producers across China stood at 83.4% in June, down 8.39 percentage points from the same month last year, an SMM survey showed.

This is also down 7.55 percentage points from last month.

The month-on-month decline was because these producers accepted orders selectively on financial pressures towards the middle of the year. The Shanghai Cooperation Organisation (SCO) summit held earlier last month in Qingdao of Shandong province also accounted for the lower operating rates. 

Amid slow season, operating rates are expected to dip further to 82% in July, down 1.42 percentage points from June and down 7.73 percentage points from a year ago. The month-on-month decline would be slower on eased cashflow concerns, SMM believes. 

 

Key Words:  Operating rates